How To Fix The Economic Death Spiral !!!, 4001
Good evening, I’m still reporting on the coup.
This morning I was alerted by a friend of today’s alarming Zero Hedge article entitled, “Welcome to the Death Spiral”.
There is no doubt that Zero Hedge is right to sound the alarm on the nation’s parabolic spike in the national debt. The problem is he offers no solution.
Shortly after Trump’s election, I was asked by one of his military advisors to prepare a white paper on the monetary reform solution. President-Elect Trump apparently read it because at his first press conference after the election, the one held at his hotel in the Old Post Office building, he made his famous comments that he could pay off most the national debt in two terms as president.
At that point – late 2016 - the national debt was only 22 trillion. Here’s what it stands at now – 31.5 trillion, only 6 years later.
That’s more than the next three debtor nations put together, China, Japan and Germany.
My best guess back then was that Trump in the following 4 years could pay off between 70 and 80% of the 22 trillion dollar debt utilizing the monetary reform solution. Surprisingly, it would likely be about the same in today’s world.
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